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Updated about 8 years ago on . Most recent reply

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Chris Simpson
  • Wholesaler
  • Logan, UT
0
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1
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Has anyone used seed capital to secure lines of credit for real estate

Chris Simpson
  • Wholesaler
  • Logan, UT
Posted
I'm looking into securing lines of credit through seed capital LLC, I have maxed out my debit to income ratio with banks and I am self employed, has anybody used this product and is it worth the hit to your credit score? I have an excellent credit score, they have accepted my application but then I find out they are applying for credit cards in my business and personal name. Isn't this something I could do on my own, the fees total $3450 and that secures at least $50K, they have estimated that I could receive $70-80K with 0% interest rate for the first year, what do you think of this strategy

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